... invested 1,297 billion rubles in the development of key projects in 2023. Large investments are aimed at developing new fields in Eastern Siberia and the Arctic, expanding refining capacities, and environmental projects. Rosneft is actively modernizing its refineries and developing LNG to expand export opportunities. These steps strengthen Russia's position in the global market and offer prospects for growth in the company's shares, which is important for Russian and foreign investors. Where does Rosneft ...

... oil prices collapsed. As for extending the application of the investment surcharge on reverse excise duty for oil until January 1, 2033, Tereshkin believes that this measure will support the industry. The investment surcharge is intended for oil refineries (ORFs) whose production of petroleum products accounts for less than 75% of the volume of primary oil processing but who invest in modernizing the refineries. In the first half of 2024, the investment surcharge accounted for 6% of subsidies ...

... effect, Sergey Tereshkin, founder and CEO of the OPEN OIL MARKET marketplace for oil products and raw materials, told Vgudok. "The fact that oil companies have incurred significant costs in recent months due to the forced downtime of several refineries also plays a role. This is indirectly evidenced by the dynamics of oil product exports. According to S&P Global Platts, Russia’s seaborne exports of oil products dropped from 2.69 million barrels per day (b/d) in January 2024 to 2.13 million ...

... segment, the status quo will remain until the end of the year... Exchange prices for AI-95 will, on average, be 15-20% higher than those for AI-92... Oil producers will need to offset losses from increased costs associated with unplanned repairs at refineries. Therefore, the profitability of AI-95 sales will be close to zero," Tereshkin believes. Additionally, he noted that seasonal factors no longer play a key role in shaping fuel prices. Traditionally, gasoline prices peaked in spring ...

... particularly diesel, will lead to a redirection of supplies from India to the UK and from there to continental Europe, considers Shevyrenkov. Furthermore, it is challenging to prove that the oil processed in India or Turkey originated from Russia because refineries in these countries will not disclose in their reports that the products they produce are derived from Russian oil, and it is unlikely that anyone will investigate this, adds Mitrakhovich from the Financial University. He also expresses doubt ...